How to Buy Ulta Beauty Stock
Ulta Beauty Inc
Ulta Beauty, Inc. operates as a retailer of beauty products in the United States.
Ulta Beauty stock last closed at $372.30, down 0.32% from the previous day, and has decreased 11.01% in one year. It has underperformed other stocks in the Specialty Retail industry by 0.22 percentage points. Ulta Beauty stock is currently +17.01% from its 52-week low of $318.17, and -35.23% from its 52-week high of $574.76.
There are currently 47.11M shares of ULTA outstanding. The market cap of ULTA is $17.54B. In the last 24 hours, 721,611 ULTA shares were traded.
How to Buy Ulta Beauty Stock
Not sure how to invest in Ulta Beauty stock? Here's how.
- Choose where to buy Ulta Beauty stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Ulta Beauty stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Ulta Beauty stock: The Ulta Beauty ticker symbol is ULTA. Is Ulta Beauty stock a good investment? Should you buy shares of ULTA? How do ULTA's underlying business fundamentals look? Do top analysts think Ulta Beauty is a good buy? Why has ULTA's stock price moved recently? (Hint: Our stock market research website can help you decide if ULTA is a good stock to buy).
- Execute your ULTA trade: Decide if you will purchase ULTA shares at the current market price or use a limit order to buy ULTA stock at a particular price.
- Get updates on your ULTA position: Create a watchlist to monitor your new investment in Ulta Beauty stock.
Step 1: Choose where to buy Ulta Beauty stock
You need an online brokerage account in order to access the NASDAQ market and buy ULTA shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal information so you can buy ULTA today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on stock apps to use, you need to deposit funds:
Check out the video below if you need help depositing money into your new investment account.
Step 4: Analyze Ulta Beauty stock
Once you have identified the best place to buy Ulta Beauty stock, it's crucial to evaluate their stock before you invest, so you can understand the risk as well as the upside.
Ulta Beauty shares at a glance
ULTA Zen Score
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on ULTA's stock page.
Is ULTA stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ULTA's intrinsic value.
Using relative valuations metrics:
- ULTA could be undervalued based on its P/E ratio of 14.88x, relative to Specialty Retail industry P/E ratio of 24.45x
- ULTA may be undervalued based on its P/B ratio of 7.47x, relative to Specialty Retail industry P/B ratio of 9.56x
- ULTA could be overvalued based on its PEG ratio of 4.03x
You can do more valuation analysis on ULTA's stock here.
ULTA Financial Summary
Signs that ULTA is financially healthy:
- ULTA's operating cash flow of $1.41B allows it to safely service it's debt of $1.93B.
- Total ULTA debt is lower than 5 years ago, relative to shareholder equity.
- ULTA earnings of $1.57B is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ULTA balance sheet.
- There are more short-term assets than short-term liabilities on the ULTA balance sheet.
Signs that ULTA is not financially healthy:
- ULTA profit margin has gone down from 11.8% to 10.7% in the past year.
- ULTA has a relatively high debt to equity ratio of 1.44.
Is it a good time to buy Ulta Beauty stock, according to Wall Street analysts?
Out of 24 Equities analysts who give recommendations on ULTA, the consensus analyst rating on ULTA is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent ULTA Analyst Forecasts
Susan Anderson, a top 6% analyst from Canaccord Genuity maintains ULTA with a strong buy rating and lowers their ULTA price target from $500.00 to $442.00, on Aug 30, 2024.
Adrienne Yih, a top 3% analyst from Barclays maintains ULTA with a hold rating and raises their ULTA price target from $328.00 to $335.00, on Aug 30, 2024.
Barclays's Adrienne Yih raised their price target on Ulta Beauty (NASDAQ: ULTA) by 2.1% from $328 to $335 on 2024/08/30. The analyst maintained their Hold rating on the stock.
Ulta Beauty reported its Q2 2024 earnings on 2024/08/29.
Yih noted that management cut its FY 2024 guidance across the board because "Ulta Beauty expects revenue to be pressured as the Beauty category normalizes and competition intensifies."
Footnotes
Earnings Report
For Q2 2024, Ulta Beauty reported:
- EPS of $5.30, which missed the FactSet Consensus Estimate of $5.45 and, by 12%, Q2 2023's $6.02.
- Revenue of $2.552B, which missed the FactSet Consensus Estimate of $2.6B but beat Q2 2023's $2.53B by less than one percent.
For FY 2024, management guided:
- EPS of $22.60 to $23.50, down from its prior $25.20 to $26.
- Revenue of $11B to $11.2B, down from its prior $11.5B to $11.6B.
CEO Dave Kimbell commented: “While we are encouraged by many positive indicators across our business, our Q2 performance did not meet our expectations, driven primarily by a decline in comparable store sales.
"We are clear about the factors that adversely impacted our store performance, and we have actions underway to address the trends.
“We are focused on driving stronger sales and traffic and continuing to exercise financial discipline.
"In light of our first half trends and a more cautious outlook, we have updated our full year expectations.
"I remain confident in the power of our differentiated model, the strength of our financial foundation, and our ability to deliver value for our shareholders over the long term.”
Michael Lasser, a top 7% analyst from UBS maintains ULTA with a strong buy rating and lowers their ULTA price target from $550.00 to $505.00, on Aug 30, 2024.
Simeon Siegel, a top 6% analyst from BMO Capital maintains ULTA with a hold rating and lowers their ULTA price target from $500.00 to $385.00, on Aug 30, 2024.
Korinne Wolfmeyer, a top 34% analyst from Piper Sandler reiterates ULTA with a hold rating and lowers their ULTA price target from $404.00 to $356.00, on Aug 30, 2024.
You can dive deeper into what analysts are forecasting on the Ulta Beauty stock forecast page.
ULTA Momentum
ULTA Growth Metrics
Last year, ULTA earnings were $1.21B. During the last five year, ULTA's earnings have gone up by 16.08% per year. This was slower than the Specialty Retail industry average of 18.28%.
Last year, ULTA revenue was $11.32B. During the past 5 year, ULTA's revenue has grown by 9.8% per year. This was faster than the Specialty Retail industry average of 8.96%.
Learn more about ULTA's earnings and revenue performance here.
Are ULTA insiders buying or selling the stock?
In the last year, insiders at ULTA have sold more shares than they have bought.
Catherine Ann Halligan, Director of ULTA, was the latest ULTA insider to sell. They sold $39,008.00 worth of ULTA stock on Jul 2, 2024.
Learn more about who owns ULTA stock here.
Can I rely on ULTA as an income stream?
No, Ulta Beauty doesn't provide an income stream by paying out dividends.
What do other investors have to say about ULTA?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your ULTA trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Get updates on your ULTA position
Now that you own some ULTA shares, you'll want to keep up with your shares.
Start a watchlist to monitor your ULTA stock.
ULTA Feed
How to Buy Stock in Ulta Beauty
To reiterate, here are the 6 steps to buy stock in Ulta Beauty:
- Choose where to buy Ulta Beauty stock
- Open your brokerage account
- Fund your brokerage account
- Analyze Ulta Beauty stock
- Execute your ULTA trade
- Get updates on your ULTA position
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Ulta Beauty, get started below.
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